Northern Sun Exploration Company Inc fka NSE

[NYBob]

Northern Sun Exploration Update

TSX-V: NSE

CALGARY, Jan. 22 /CNW/ - NORTHERN SUN EXPLORATION COMPANY INC.
(the "Company") is pleased to provide an update to its
exploration and capital expenditure program for Alberta
and Saskatchewan.

Operational update

The Company has completed its 2007 drilling program for a total
of 8 wells and upon initial completion results the Company
expects to have economic production from 7 of the wells.
Production rates will be released after the wells have been
tied-in or equipped and producing for 14 days.
Highlights by area are as follows:

ALBERTA

Worsley

The 11-23-87-6-W6 well has been equipped with a pump jack
in order to manage the liquids and determine a stabilized
gas and oil / water production rate.
Currently the well is producing - net to the Company -
light oil at a rate of 35 boepd, and the Company expects
the gas rate to recover and stabilize at approximately
0.4 MMscf/d (65 barrels of oil per day equivalent)
from the upper leduc zone.

The Company's 50% working interest 1-23-87-6-W6, 2250 meter
multi-zone test well drilled and completed in December
is currently undergoing testing.
The Company is encouraged with the testing of the Gething
zone where oil is currently being swabbed and the well
is being equipped with a pump jack in order to manage
the liquids and determine a stabilized gas and
oil / liquids production rate.
The Company already tested both the Leduc and Charlie lake
zones with both zones proving to be uneconomic.

Grouard

The Company drilled 2 multi-zone gas wells and 1 oil well
at Grouard.
The completions of the wells result in likely two oil wells
and one gas well.
The oil prospect remains to be tested within the next two
weeks upon the installation of temporary facilities.

The gas well has been briefly tested and is planned to
be tied-in to a nearby company pipeline, and together
with the company's other existing stranded gas wells
will form the basis and provide economics for a
gathering project which would see the currently
stranded gas, and all new volumes become tied-in to
the local gas co-op so the wells can produce near
their full capacity.
If the Company's 2 new oil wells produce at economic rates,
such oil production will be trucked to a terminal
approximately 25 miles away.

Thorhild

The Company drilled two exploration wells and completion
results indicate likely a gas well and an oil well.
The gas well has been tested and the Company is currently
obtaining approvals to tie-in to a nearby third party for
gas production.
The oil well will be tested in the next two weeks upon
the installation of temporary facilities.
Production rates will be released upon both wells producing
for a period of at least 14 days in order to establish
an accurate rate of production.
The Company paid 100% of all costs to earn a 65%
working interest in the wells.

Figure Lake

The Company drilled and completed the multi-zone gas test well.
The well will be tied-in to a nearby third party operator
within the next 10 days.
Production rates will be released on the well upon it
producing for a period of at least 14 days in order to
establish an accurate rate of production and capacity of
the third party system.
The Company paid 55% of all costs associated with bringing
the well into production to earn a 45% working interest.

SASKATCHEWAN

The Company's 100% working interest multi-zone gas test well
on its property in the Supreme / Arena area of southwest
Saskatchewan is expected to be tied-into to a nearby third
party facility within the quarter.
The well is expected to produce at a rate of
approximately 0.15 MMscf/d (25 boed).

Additionally, the Company has entered into an agreement with
a current joint venture partner to acquire its 50%
working interest in 1,746 acres of land in the Arena area
of southwest Saskatchewan.
Northern Sun will own 100% of the sections and hold a
100% working interest in two existing gas wells.
The gas wells will be re-entered and stimulated for
production at a later date as part of the Company's
further development program.
The Company also acquired a report commissioned in the
1980's which is an analysis of Hydrocarbon Discoveries
in the Mackenzie Basin, which relates to the lands
currently claimed, occupied, and managed by the
Company's partner the Ka 'a' Gee Tu First Nation in the NWT.
The Company will issue 137,500 common shares of the Company
as consideration for the 50% working interest in 1,746 acres
land and the report.

Northern Sun is an Alberta-based exploration and
production company with operations in Alberta,
Saskatchewan and the North West Territories.

ON BEHALF OF THE BOARD OF DIRECTORS OF

NORTHERN SUN EXPLORATION COMPANY INC.

"Chris Cooper"

President & CEO

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of the contents of this news

release.

Source: Canada NewsWire (January 22, 2008 - 3:04 PM EST)

http://biz.yahoo.com/cnw/080122/northern_sun_update.html?.v=1

http://finance.yahoo.com/q?s=NSEFF.PK

150,000 SHARES AND HOPING for pipeline 26-Jan-08
this stock has the change to be a 20-40 banger if the pipeline
is started.
the new wells should give us a nice uptick I am sure that
we will see $.50 with these new wells.
The president has been very open to talk to on the phone.
I think that the pipeline is as near a reality as any time
i have own this stock.

Sentiment : Buy

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